US small business borrowing up sharply

US small business borrowing up sharply

US small business borrowing up sharply The level of borrowing by US small businesses increased in June according to PayNet. The Thomson Reuters/PayNet Small Business Lending Index rose to 143.3 in June, its highest level since the index started in 2005 and up from a revised May reading of 131.  Experts say that the rise in borrowing is an indication that businesses are having to increase compensation for workers due to a tighter labor market; and that the indication of strength adds fuel to an interest rate rise.